By: Rosie Harris-Davison

News Reporter Rosie Harris-Davison is a News Reporter in the Professional Services team, covering the Big Four, law, advisory, and beyond. She previously wrote about tech policy, regulation, and litigation for specialist legal publication Lexology. Email Rosie at rosie.harris-davison@cityam.com.

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Jury trial controversy looms over Starmer after King’s Speech points to reform

Regulation

Controversial government plans to trim back the use of jury trials were included in the King’s Speech on Wednesday, as an embattled Keir Starmer persevered with an long-trailed overhaul of the UK’s criminal justice system. The Courts Modernisation Bill could become the latest issue over which Downing Street and the parliamentary Labour Party clash at [...]
London-listed defence contractors shed light on impact of wartime economy on City firms

Markets

Two major London-listed defence companies shed fresh light on the sector’s performance during the current bout of geopolitical turmoil on Wednesday, offering insight into the reach of the war time economy into the City. FTSE 100 constituent Babcock International made it onto the top-tier share index’s leaderboard after it unveiled plans to return £200m to [...]
Babcock shares shrug off profit drop after £140m hit

Economics

Defence giant Babcock took a £140m hit in the last financial year, which helped drag down the blue-chip firm’s profit growth. The FTSE 100 company recorded revenue of £5.3bn, marking 10 per cent growth compared to the previous financial year. It also announced another round of bumper returns with a £200m share buyback. It came [...]

Deloitte: UK Gen Z and Millennials delaying milestones and living ‘payslip to payslip’

May 13, 2026

British Gen Z and Millennials are delaying major life decisions as they live “payslip to payslip”, according to data shared exclusively with City AM from Big Four giant Deloitte. The data, based on findings from 806 respondents as part of the firm’s annual Gen Z and Millennial Survey, revealed that around 40 per cent of [...]
Norwegian billionaire forced back to London in £285m Deutsche Bank dispute

May 12, 2026

Norwegian billionaire Alexander Vik has been ordered to return to the City to be interrogated about his hidden assets during a 13-year-long legal dispute with Deutsche Bank. The bank first sued the business mogul’s company, Sebastian Holdings, in 2009 after the company suffered a series of losses on foreign exchange and equities trade deals during [...]
Mike Ashley wins trademark appeal, throwing out eye-watering damages bill

May 12, 2026

The retail empire of business tycoon Mike Ashley has won an appeal challenging damages awarded in a trademark infringement claim, sidestepping paying a potentially stinging bill. The judgment follows a longstanding legal dispute between the discount sports retailer and the Beverly Hills Polo Club brand, owned and managed by Lifestyle Equities, which argued Ashley’s Sports [...]
Burges Salmon and Wexler roll out firm-wide legal AI partnership

May 11, 2026

Leading UK law firm Burges Salmon is rolling out a new company-wide partnership with legal tech startup Wexler to aid lawyers in litigation work, City AM can reveal. The Bristol-headquartered legal practice said Wexler is “a reliable option” and the firm-wide partnership follows “a successful integration” of adopting Wexler in the Dispute Resolution team in [...]
ASOS shares soar as it offloads Lichfield warehouse to M&S in £66m deal

May 11, 2026

Retail giant ASOS agreed to sell one of its stock warehouses to Marks and Spencer for £66m in the latest sign of its efforts to save money on rent and improve its financial position. The fashion retailer said the sale of the Lichfield fulfilment centre, which is expected to close by the second half of [...]
FCA struggles with rising whistleblower caseload

May 8, 2026

The City has seen a jump in whistleblowing alongside a slowdown in the number of cases being closed in signs the UK’s financial watchdog is struggling to handle the caseload. The volume of whistleblowing reports rose by nearly 30 per cent in the UK in the first three months of the year to hit a [...]
HMRC: self-employed workers twice as likely to file taxes late

May 8, 2026

Self-employed workers are twice as likely to file their taxes late compared to higher earners, City AM can reveal, amid renewed focus over the administrative burden facing freelancers and sole traders. Those that are self-employed and on the lowest incomes below the basic tax rate threshold, are “significantly more likely to miss the self assessment [...]

Labour ‘failing’ renters: Brits work for 133 days to pay landlords

Ryder Cup captain Donald did not broker Rahm peace deal

Team behind BuzzBallz launch new shots – available in London off-licences now

By: Rosie Harris-Davison

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